{"id":56441,"date":"2024-01-11T21:09:32","date_gmt":"2024-01-11T21:09:32","guid":{"rendered":"https:\/\/www.africa-press.net\/malawi\/all-news\/think-trade-not-aid-ecama-schools-finance-minister-chithyola"},"modified":"2024-01-11T21:27:10","modified_gmt":"2024-01-11T21:27:10","slug":"think-trade-not-aid-ecama-schools-finance-minister-chithyola","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/malawi\/all-news\/think-trade-not-aid-ecama-schools-finance-minister-chithyola","title":{"rendered":"Think trade not aid, ECAMA schools Finance Minister Chithyola"},"content":{"rendered":"

Africa-Press – Malawi. <\/strong><\/span>Economics think-tank, the Economics Association of Malawi (ECAMA), has, once again, tipped the country\u2019s finance and economic affairs minister, Simplex Chithyola Banda, to consider trade seriously as a way of doing away with aid.<\/p>\n

Malawi is one of the countries that earnestly relies on donor support to run. For example, the latest value of foreign aid and official development assistance received from 2021 is $1154.61.<\/p>\n

ECAMA expert, Lucius Pawa, said during one of the 2024\/25 pre-budget consultation meetings held at BICC in the capital Lilongwe on Wednesday, that donor support cannot solve the country\u2019s economic setbacks.<\/p>\n

\u201cThe government should think about trade because it is a sure way of boosting the economy instead of relying on foreign aid,\u201d Pawa said.<\/p>\n

Speaking during the meeting, Chithyola Banda, projected that the country\u2019s economy will grow with 3.2 percent in the next year. Banda said it was possible for the country to overcome the economic challenges it is facing.<\/p>\n

He said: \u201cWe are confident as a government that we can turn around the economy. First, we need to take bold decisions to protect the economy, then move on the recovery path and in the 2024\/25 fiscal year we project a 3.2 percent growth rate of the economy. For this to be realised, there\u2019s a need for deeper collaboration in the spirit of one Malawi and one nation.\u201d<\/p>\n

Meanwhile, Speaker of the National Assembly, Catherine Gotani, has said the 2024\/25 Budget Meeting will open on 9 February 2024 at the Parliament Building in Lilongwe. In a statement, it said that the fourth meeting in the 50th Session of Parliament will run up until April 5, 2024.<\/p>\n

For More News And Analysis About Malawi<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Malawi. Economics think-tank, the Economics Association of Malawi (ECAMA), has, once again, tipped the country\u2019s finance and economic affairs minister, Simplex Chithyola Banda, to consider trade seriously as a way of doing away with aid. Malawi is one of the countries that earnestly relies on donor support to run. For example, the latest […]<\/p>\n","protected":false},"author":84,"featured_media":56439,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,371,234],"class_list":["post-56441","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-malawi","tag-malawi"],"yoast_head":"\nThink trade not aid, ECAMA schools Finance Minister Chithyola - Malawi<\/title>\n<meta name=\"description\" content=\"Economics think-tank, the Economics Association of Malawi (ECAMA), has, once again, tipped the country\u2019s finance and eco ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/malawi\/all-news\/think-trade-not-aid-ecama-schools-finance-minister-chithyola\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Think trade not aid, ECAMA schools Finance Minister Chithyola\" \/>\n<meta property=\"og:description\" content=\"Economics think-tank, the Economics Association of Malawi (ECAMA), has, once again, tipped the country\u2019s finance and eco ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/malawi\/all-news\/think-trade-not-aid-ecama-schools-finance-minister-chithyola\" \/>\n<meta property=\"og:site_name\" content=\"Malawi\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-11T21:09:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-11T21:27:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2024\/01\/sm_1704995666.080808.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1040\" \/>\n\t<meta property=\"og:image:height\" content=\"468\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/think-trade-not-aid-ecama-schools-finance-minister-chithyola#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/think-trade-not-aid-ecama-schools-finance-minister-chithyola\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Think trade not aid, ECAMA schools Finance Minister Chithyola\",\"datePublished\":\"2024-01-11T21:09:32+00:00\",\"dateModified\":\"2024-01-11T21:27:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/think-trade-not-aid-ecama-schools-finance-minister-chithyola\"},\"wordCount\":286,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/think-trade-not-aid-ecama-schools-finance-minister-chithyola#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2024\/01\/sm_1704995666.080808.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Malawi\",\"Malawi\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/malawi\/all-news\/think-trade-not-aid-ecama-schools-finance-minister-chithyola#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/think-trade-not-aid-ecama-schools-finance-minister-chithyola\",\"url\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/think-trade-not-aid-ecama-schools-finance-minister-chithyola\",\"name\":\"Think trade not aid, ECAMA schools Finance Minister Chithyola - 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